Gold Circle - Phumelela Merger?

Now that the dust is settling after Jooste debacle perhaps it would be more palatable for Gold Circle to merge operations with P.

Alone Gold Circle cant survive.

Sylvester wrote: Now that the dust is settling after Jooste debacle perhaps it would be more palatable for Gold Circle to merge operations with P.

Alone Gold Circle cant survive.

Why Sly? Don't they have cash as backup? To be honest I think that GC seems more punter friendly and very innovative - If they merger that progressive approach to racing will die ... I like Natal racing and mostly enjoy those 20/20 meetings on Fridays - And I enjoy the way Craig Peters constantly updates punters - And it seems those Natal punters love their racing

Sylvester wrote: Now that the dust is settling after Jooste debacle perhaps it would be more palatable for Gold Circle to merge operations with P.

Alone Gold Circle cant survive.

You are wrong..

Phumelela needs Gold Circle not the other way round

Deeno wrote:

Sylvester wrote: Now that the dust is settling after Jooste debacle perhaps it would be more palatable for Gold Circle to merge operations with P.

Alone Gold Circle cant survive.

You are wrong..

Phumelela needs Gold Circle not the other way round

deeno you clearly have no idea how to read a balance sheet and financial statements

pirates wrote:

Deeno wrote:

Sylvester wrote: Now that the dust is settling after Jooste debacle perhaps it would be more palatable for Gold Circle to merge operations with P.

Alone Gold Circle cant survive.

You are wrong..

Phumelela needs Gold Circle not the other way round

deeno you clearly have no idea how to read a balance sheet and financial statements

You right Pirates, I don't.

With all the shady stuff going on in P country, my heart tells me GC even though I will reluctantly be a Gauteng resident shortly ..

Welcome to the North Deeno, racing not so bad up here my boy!!

......would not be a bad idea....there will finally be the numbers of more concerned people to oust the people placed by the Jooste regime a more united and democratic racing body.....then we can have a true owners/trainers association free of bullies..... :whistle:

I very much doubt that the competition board will allow any merger. Be hugely surprised if allowed the whole of racing to be run by one company. The fund that was ringfenced after the Clairwood sale is doing very well I gather.

The whole global culture of mergers is part of the reason why the world is in such a mess today with corporates becoming too big to fail and the public having to pay the cost of propping up the no-hopers.

We need more competition, not less, as monopolies are slowly strangling every industry with some savings for the consumer initially but total price manipulation and control the ultimate outcome.

When a company becomes too big and too powerful the sacrifices are nearly always service and innovation as there is no other to keep them honest.

If anything GC and P should actually become competitors rather than the current working arrangement of co-mingled pools and turnover share ratios. It might be tough initially with smaller pools but it will force the sport back into marketing itself more aggressively and a potentially very positive outcome over the longer term.

The customer will ultimately benefit from becoming more important than we currently are as a nameless mass of turnover providers.

Would love to see the gambling board make it more affordable and more competitive by allocating more future tote licences. Competition is a good thing and will help get rid of the dead wood.

well said lsu the reason why we in this mess is because of monopolies in the industry and to many non racing money hungry thieving bastards running the game who couldnt give a fuck of the future welfare of the industry ..

......you guys have a very valid argument....I was only thinking of a Utopian situation which a strong united operator could exist with true racing people at its helm.....in reality this idea has to be totally dismissed.....corporate greed so rightly.... is at play.....more so demonstrated by Jooste if it had gone his way.... :whistle:

This is such an odd conversation.

The racing operators are anything you like BUT competitors. They never operate at the same time. They have the same customers. They share the same income stream. They co-own all the income related assets with exception to their foray into bookmaking and interbet, the bookmaker's exchange. They broadcast on co-owned media. ALL their exports are co-owned. They have the same product.

Neither of them are big or powerful, they exist on government given licences which allow them to ruthlessly tax the public (if you happy to call a spade a spade). Every tote in the world is "granted" exactly the same as a lottery licence is granted because it is a literal licence to print money. In theory a casino can lose, but a tote can't. The fact that that cash cow it fell into private hands is just..well..a mindfuck.

They should become competitors now? Give one good example that makes things better.